Excise duty amendment reduces concession rate and inserts specific tariff entries affecting petrol and high speed diesel. The amendment substitutes forty per cent for the earlier fifty per cent concession on the duty of excise specified in the First Schedule and inserts two tariff entries for goods under headings 2710.19 and 2710.90 excluding motor spirit (petrol) and high speed diesel respectively, subjecting those goods to the specified excise duty; the notification is temporary, in force from the stated commencement date until the stated termination date.
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Excise duty amendment reduces concession rate and inserts specific tariff entries affecting petrol and high speed diesel.
The amendment substitutes forty per cent for the earlier fifty per cent concession on the duty of excise specified in the First Schedule and inserts two tariff entries for goods under headings 2710.19 and 2710.90 excluding motor spirit (petrol) and high speed diesel respectively, subjecting those goods to the specified excise duty; the notification is temporary, in force from the stated commencement date until the stated termination date.
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